Aussie CPI data out simultaneously

Reuters take on the data:

  • Quickening from May and suggesting a government spending spree is helping steady the economy
  • Profits in the mining sector fell 83.6 percent in the first half from a year earlier, the National Bureau of Statistics (NBS) said
  • Industrial profits rose 6.2 percent in the first half from the same period a year earlier, compared with a 6.4 percent rise in the January-May period

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The data covers large enterprises with annual revenues of more than 20 million yuan from their main operations.